Cash Receipts- Accounts Receivable a. Complete the cash receipts journal: 14 marks a. Each invoice (Accounts Receivable) being paid off by these customers already includes 13% HST b. All invoices are eligible for discounts. Discounts are based on the pre-tax value of each invoice (discount rates are shown in the memo column) c. Pre-tax amount is calculated as: ( Invoice Total /1 + tax rate)* discount rate b. Calculate the Bank Dr amount for each amount received from these customers c. Total each column. CASH RECEIPTS JOURNAL Accts Sales HST General Recbl Discts Sales Payable Ledger Bank Date Account Credit Memo F Cr Dr Cr Cr Cr Dr 20xx Dec 2 Emmett Little on #456 - 2% 1,383.12 24.48 1,358.64 6 P.J. Krub on #480 - 1% 388.72 3.44 385.28 9 Robert Dindaeng on #477 - 3% 734.50 19.50 715.00 15 Anna Aranya on #481 - 2% 894.96 15.84 879.12 19 C. Ratchada on #488 - 1% 1,638.50 14.50 1,624.00 20 N. Bangkaen on #490 - 2% 501.72 8.88 492.84 5,541.52 86.64 5,454.88